TAQA
Posted inDRILLING & PRODUCTION
Abu Dhabi’s TAQA funds growth and taps into Taiwanese demand
Proceeds to be used to support future growth and repay outstanding debt
Posted inDRILLING & PRODUCTION
TAQA reportedly considering sale of oil and gas assets
The company could make substantially less from the sale than it spent on building the assets
Posted inDRILLING & PRODUCTION
TAQA net income decreases to $680 million
The company’s oil & gas segment was impacted by a $480 million post-tax impairment charge taken in Q1 2020
Posted inExploration
KSA-based seismic solutions company ARGAS targets global expansion
The agreement waives all territorial, technical, commercial exclusivities and any other restrictions previously in place
Posted inExploration
TAQA announces third year of profitability
The company produced 124,418 barrels of oil equivalent per day
Posted inProducts & Services
TAQA issues $500mn bonds
According to an Abu Dhabi Securities Exchange filing, it will carry a re-offer yield to maturity of 4,000%
Posted inDRILLING & PRODUCTION
TAQA produced more than 1mn barrels of oil from Atrush in July 2019
The current rate of gross production at the Atrush block is approximately 34,000 barrels of oil per day
Posted inDRILLING & PRODUCTION
TAQA H1 2019 revenue up 5%, led by oil and gas business
The oil and gas unit of TAQA saw an 11% increase in revenue, due to increased production volumes out of Europe and Iraq
Posted inDRILLING & PRODUCTION
TAQA to spend $1.2bn on investments and acquisitions in the next three years
The company is currently in discussions to acquire two companies in North America this year, a major step in accelerating its 2021 transformation and growth strategy.